Which Indicators You Should be Using in Your Trading?

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Indexes Snapshot
Symbol Last Change %
DJ 30 INDUSTRIALS 23787.45 +256.10 +1.09%
NASDAQ COMPOSITE INDEX (COMBINED) 6897.00 +73.53 +1.08%
S&P 500 CASH 2574.41 +24.72 +0.97%
SPDR S&P 500 256.60 +2.22 +0.87%
iShares Russell 2000 ETF 141.70 +2.11 +1.51%
U.S. STOCK INDEXES https://quotes.ino.com/ex?changes/?c=indexes

The March NASDAQ 100 was higher in overnight trading as it extends the rally off December's low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, the 50-day moving average crossing at 6690.77 is the next upside target. Closes below last-Friday's low crossing at 6136.50 would confirm that a short-term top has been posted. First resistance is the 50-day moving average crossing at 6699.77. Second resistance is the reaction high crossing at 6897.00. First support is last-Friday's low crossing at 6136.50. Second support is December's low crossing at 5820.50.

The March S&P 500 was higher overnight as it extends the rally off December's low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, the 50% retracement level of the September-December-decline crossing at 2631.97 is the next upside target. Closes below last-Friday's low crossing at 2439.00 are needed to confirm that a short-term top has been posted. First resistance is the the 50% retracement level of the September-December-decline crossing at 2631.97. Second resistance is the 50-day moving average crossing at 2641.96. First support is last-Friday's low crossing at 2439.00. Second support is December's low crossing at 2317.70.



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